State of Tennessee Treasury Department Has $1.73 Million Holdings in CF Industries Holdings, Inc. (NYSE:CF)

State of Tennessee Treasury Department reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,052 shares of the basic materials company’s stock after selling 339 shares during the quarter. State of Tennessee Treasury Department’s holdings in CF Industries were worth $1,727,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cigna Investments Inc. New grew its position in CF Industries by 2.8% during the first quarter. Cigna Investments Inc. New now owns 7,632 shares of the basic materials company’s stock valued at $346,000 after purchasing an additional 209 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in shares of CF Industries by 0.4% in the first quarter. Miracle Mile Advisors LLC now owns 51,457 shares of the basic materials company’s stock worth $2,335,000 after acquiring an additional 228 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of CF Industries by 15.5% during the fourth quarter. Captrust Financial Advisors now owns 1,843 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 247 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in CF Industries by 1.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 23,067 shares of the basic materials company’s stock valued at $893,000 after purchasing an additional 256 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in CF Industries by 3.0% in the first quarter. Daiwa Securities Group Inc. now owns 11,153 shares of the basic materials company’s stock valued at $506,000 after purchasing an additional 324 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on CF shares. TheStreet upgraded CF Industries from a “c+” rating to a “b” rating in a report on Wednesday, February 17th. HSBC lifted their price objective on shares of CF Industries from $48.50 to $57.00 and gave the company a “hold” rating in a research note on Monday, May 24th. BMO Capital Markets raised their target price on CF Industries from $54.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 7th. Zacks Investment Research raised CF Industries from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, February 24th. Finally, Scotiabank raised CF Industries from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, May 6th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. CF Industries presently has an average rating of “Buy” and an average price target of $49.58.

In related news, CFO Christopher D. Bohn sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 18th. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the completion of the transaction, the chief financial officer now directly owns 110,443 shares in the company, valued at $6,184,808. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bert A. Frost sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 18th. The stock was sold at an average price of $56.00, for a total value of $280,000.00. Following the completion of the transaction, the vice president now directly owns 88,296 shares of the company’s stock, valued at $4,944,576. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,125 shares of company stock valued at $6,966,459. 2.00% of the stock is owned by corporate insiders.

Shares of CF stock opened at $53.74 on Friday. CF Industries Holdings, Inc. has a 12 month low of $25.30 and a 12 month high of $57.19. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $11.53 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 2.84 and a beta of 1.29. The stock’s 50 day simple moving average is $50.72.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, May 5th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.13. CF Industries had a net margin of 9.52% and a return on equity of 7.17%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, equities analysts expect that CF Industries Holdings, Inc. will post 3.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, May 14th. CF Industries’s dividend payout ratio is currently 81.63%.

CF Industries Profile

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for clean energy, fertilizer, emissions abatement, and other industrial applications worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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